Samsung doubles down on IoT with a $1.2 billion U.S. investment

By Brian Heater

Samsung is looking to take its relationship with the Internet of Things to the next level with an investment to the tune of $1.2 billion. The electronics giant’s CEO Dr. Oh-Hyun Kwon announced the four-year R&D plan during an event in DC this week. The investment will cover some 15,000 Samsung employees across the US. According to Forbes, the money will be split between startups in… Read More

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Source:: TechCrunch Gadgets